Today's Winners and Losers: Navistar
Shares of Bill Barrett (BBG) were among the NYSE's winners Wednesday, climbing 14% after the oil and gas producer posted first-quarter results that beat expectations.
The company's earnings jumped to $22.1 million, or 50 cents a share, from $3.1 million, or 7 cents a share, a year earlier. Revenue rose to $97.8 million from $51.9 million. Analysts polled by Thomson First Call expected earnings of 36 cents a share on revenue of $88.5 million. "We are extremely pleased with our execution in early 2006," the company said. "We had strong production growth, particularly in the Piceance and West Tavaputs areas." Shares were trading up $4.30 to $35.16.
Shares of Navistar International (NAV) jumped 10% after the diesel-engine and truck maker said that fiscal 2006 earnings would top Wall Street's forecast. While Navistar didn't offer specific numerical guidance, the company's chief executive said that "given the current strength of the industry, I am confident that Navistar will outperform the Wall Street estimate." Analysts currently have an average forecast for fiscal 2006 earnings of $5.38 a share. "Our company continues to capitalize on the strength of the industry and to build on our core business through growth in less cyclical market such as the military," Navistar said. Shares were trading up $2.60 to $27.91.
Schawk (SGK) sank 21% after the digital-imaging graphic-services company posted disappointing first-quarter results. The company reported earnings from continuing operations of $5.2 million, or 20 cents a share, on revenue of $133.8 million. Analysts expected earnings of 32 cents a share and revenue of $156.8 million. A year earlier, Schawk earned $5.8 million, or 23 cents a share, on revenue of $119.2 million. The company said its results were hurt by its European operations, which got off to a slow start in 2006; the loss of certain customers in its East Coast operations; and lower ad spending by its largest client. Shares were trading down $5.33 to $19.84.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV